2,762 Shares in Walmart Inc. $WMT Bought by WPG Advisers LLC

Key Points

• WPG Advisers LLC acquired 2,762 shares of Walmart Inc. valued at approximately $242,000 in the first quarter of 2023, reflecting ongoing interest from institutional investors in the retailer.
• Walmart's recent quarterly earnings missed analysts' expectations, reporting earnings of $0.68 per share compared to the consensus estimate of $0.74, with a revenue of $169.34 billion.
• Several analysts have updated their price targets for Walmart, with a consensus rating of "Buy" and an average target price of $110.59, indicating market confidence despite recent performance.

WPG Advisers LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,762 shares of the retailer's stock, valued at approximately $242,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Operose Advisors LLC raised its stake in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Bear Mountain Capital Inc. grew its holdings in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after purchasing an additional 294 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart during the 1st quarter valued at about $35,000. Finally, Lipe & Dalton boosted its position in Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,966 shares of company stock valued at $9,858,673 in the last ninety days. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. Truist Financial reduced their target price on Walmart from $111.00 to $109.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, Mizuho reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $110.59.

Walmart Price Performance

WMT opened at $96.11 on Friday. The company has a fifty day moving average price of $98.11 and a two-hundred day moving average price of $95.45. The firm has a market capitalization of $767.02 billion, a PE ratio of 36.13, a P/E/G ratio of 4.62 and a beta of 0.66. Walmart Inc. has a 52 week low of $75.67 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a net margin of 3.08% and a return on equity of 21.45%. The firm had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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